Today's most important initiations
By Davit Kirakosyan Deutsche Bank initiated coverage on Mobileye Global Inc (NASDAQ:MBLY) with a Buy rating and a price target of $48.00 as it expects the company’s technology to...
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Fragile Megacap Tech Stocks Face CPI Test After New Year Rally
(Bloomberg) -- After a grueling year for technology stocks, investors have turned optimistic at the start of 2023, taking the view that the Federal Reserve may slow the pace of interest rate...
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I come from a rural family: Indian-origin techie who lost job at Goldman Sachs
New Delhi, Jan 12 (IANS) As global investment bank Goldman Sachs (NYSE:GS) begins job cuts that are expected to affect 3,200 employees or about 6.5 per cent of its workforce, affected...
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Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing
Microsoft had its hands full with Activision Blizzard but was also seeing how Figma's software was taking off internally.
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Adobe's CEO Sizes Up the State of Tech Now
Shantanu Narayen, who has headed the software company for 15 years, discusses volatility in the industry, the purchase of Figma and setting priorities.
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For Indian techies, is it the end of the great American dream?
New Delhi, Jan 7 (IANS) As thousands of techies continue to lose jobs at Big Tech companies amid recession fears, most of them are finding it difficult to get jobs, as there is a freeze on...
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Online holiday sales exceeded expectations: Adobe data
Online holiday sales exceeded expectations: Adobe data
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Top Performing Cryptocurrency Projects of 2022
Top Cryptocurrency Projects – An Intro Reckoning investment decisions with calculated risk for a crypto portfolio is crucial for any investor. With back-to-back misfortunes around the...
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Stock market today: Dow falls as stocks notch two consecutive down weeks
By Liz Moyer Investing.com -- U.S. stocks notched a second week of losses as investors worry about a recession in the new year. At 16:01 ET (21:01 GMT), the Dow Jones Industrial Average was...
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Midday movers: Adobe Systems, Guardant Health, Meta Platforms and more
By Liz Moyer Investing.com -- Stocks were falling on fading hopes for an end-of-the-year rally as investors worry about a possible recession. Here are the midday movers for Dec. 16. Adobe...
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Stocks are falling on recession fears as Santa rally hopes fade
By Liz Moyer Investing.com -- U.S. stocks were falling as fears about a possible recession threaten to kill any Santa Claus rally. At 12:16 ET (17:16 GMT), the Dow Jones Industrial Average...
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U.S. stocks extend losses amid recession fears
By Liz Moyer Investing.com -- U.S. stocks were falling amid fears the Federal Reserve’s aggressive actions to tame inflation will push the economy into a recession. At 9:40 ET (14.40 GMT),...
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Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, December 16th. Please refresh for updates. Adobe (NASDAQ:ADBE) stock rose 5% after the software company...
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ECB warnings, Mazars' Binance u-turn, Adobe strength - what's moving markets
By Geoffrey Smith Investing.com -- Global markets are turning nasty at the end of a week of central bank interest rate hikes, with the European Central Bank's hawkish tone on Thursday...
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Analysts raise numbers on Adobe after a 'clean finish' to the year
By Senad Karaahmetovic Shares of Adobe Systems (NASDAQ:ADBE) are trading up more than 4% in pre-open Friday after the software company reported better-than-expected earnings for its fiscal...
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Dow futures steady after indices drop on recession fears
By Oliver Gray Investing.com -- U.S. stock futures were trading lower during Thursday’s regular deals, after major benchmark averages tumbled during regular trade as weaker-than-expected...
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After-hours movers: Guardant Health sinks on colorectal cancer test data, Adobe jumps on EPS
By Investing.com Staff After-Hours Stock Movers: Guardant Health (NASDAQ:GH) 41% LOWER; announced results from ECLIPSE (Evaluation of ctDNA LUNAR Assay In an Average Patient Screening...
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Adobe Systems shares jump after-hours on earnings beat
By Sam Boughedda Adobe Systems (NASDAQ:ADBE) shares rose in extended trading following its fiscal fourth-quarter financial results that topped earnings consensus expectations. Adobe shares...
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Adobe Systems Tops Q4 EPS by 10c, Offers Guidance
Adobe Systems (ADBE) reported Q4 EPS of $3.60, $0.10 better than the analyst estimate of $3.50. Revenue for the quarter came in at $4.53 billion versus the consensus estimate of $4.53...
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Adobe Systems (ADBE) Q4 EPS Due After the Close (Correction)
(Updated - December 15, 2022 7:53 AM EST) Adobe Systems Incorporated (NASDAQ:ADBE) Q4 EPS Due After the Close...
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Dow futures fall 235 pts; Powell's hawkish message weighs
By Peter Nurse Investing.com -- U.S. stocks are seen opening substantially lower Thursday, continuing the previous session’s weakness after Federal Reserve Chair Jerome Powell's...
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Retail sales, ECB, BoE hikes; Musk dumps more Tesla - what's moving markets
By Geoffrey Smith Investing.com -- Global markets are struggling to accept the Federal Reserve's warning that it will raise interest rates above 5% next year. The dollar is nonetheless...
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Earnings Previews: Accenture, Adobe, Darden Restaurants
Here is what analysts are expecting to hear when these three firms report quarterly results after markets close Thursday or before Friday's opening bell.
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Adobe (NASDAQ:ADBE) Earnings Preview: Here’s What to Expect
Adobe (NASDAQ:ADBE) will report its fiscal fourth-quarter results on December 15, after the market closes. The company provides digital marketing, ...
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From $6 bn to $200 bn market cap: How Adobe's Indian-origin CEO scripted its success after the 2009 crisis
Adobe’s CEO, Shantanu Narayen shared some stories from his own life. He said that he would have never left Hyderabad had he been starting his career now.
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U.S. Online goods prices fall in positive sign for Fed – Adobe
By Howard Schneider WASHINGTON(Reuters) – Prices for online goods in the United States fell at a nearly 2 percent annual pace in November, the fastest decline since the onset of the...
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Swiggy, Vedantu, and Adobe firing hundreds of employees, here is what we know
Layoffs in 2022: It is being reported that Swiggy and Edtech firm Vedantu are firing hundreds of people. Here is everything we know so far.
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Morgan Stanley lays off about 1,600 employees
San Francisco, Dec 7 (IANS) Global investment advisory firm Morgan Stanley (NYSE:MS) has cut about 2 per cent of its global workforce, or about 1,600 employees, amid the global economic...
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Tech layoffs: Adobe is the latest tech giant to cut jobs to reduce expenses
Adobe is not the only tech company tightening its grip. Some Indian tech firms such as Byju's, Josh, and HealthifyMe have also laid off hundreds of employees in the last few weeks.
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Chewy and Amazon 'well-positioned' for the changing macro environment - Wells Fargo
By Sam Boughedda In a research note based on online sales, Wells Fargo analysts said the firm believes Amazon (NASDAQ:AMZN) and Chewy (NYSE:CHWY) are well-positioned for the holiday season...
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Cyber Monday sales jump to $11.3 billion, says Adobe
By Sam Boughedda Cyber Monday online sales jumped to a record $11.3 billion, according to data from Adobe Analytics. The rise — +5.8% above last year, according to TechCrunch — is somewhat...
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A strong Black Friday should provide a boost for online marketplaces such as Etsy
By Liz Moyer Investing.com -- Shoppers are headed into the holiday season on a strong note, and that's bound to benefit stocks of online marketplaces such as Etsy Inc (NASDAQ:ETSY). The...
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Dow futures down 190 pts; China's COVID protests weigh on sentiment
By Peter Nurse Investing.com -- U.S. stocks are seen opening lower Monday, with sentiment hit by the civil unrest in China over prolonged COVID restrictions, at the start of a week that...
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Thanksgiving Day online sales touch $5.3 bn in US, mobile top choice
San Francisco, Nov 26 (IANS) People spent $5.3 billion in online shopping on Thanksgiving Day in the U.S., up 2.8 per cent from last year. According to Adobe (NASDAQ:ADBE) Analytics, mobile...
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US consumers spend $11 bn more online for domestic flights this year
San Francisco, Nov 25 (IANS) The US consumers have spent $11 billion more online for domestic flights this year, compared to pre-pandemic levels, a report showed on Friday. Domestic flight...
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Black Friday Seen Kicking Off a Bumpy Holiday Shopping Season for Retailers
(Bloomberg) -- The recent wave of relief across the retail industry is giving way to a sense of foreboding ahead of Black Friday and the holiday shopping season.Shoppers helped companies...
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